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Feb 19, 2013
02/13
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it raked in more than a billion dollars in profits last year, but according to a tax watch dog group because of a loophole, facebook doesn't owe the irs anything. in fact, it's getting a refund, $429 million. what's going on here? facebook got a billion-dollar tax break because of how executive stock options were priesd, and it's all perfectly legal. >>> looking for a job? well you're in luck. there are hundreds of openings at the bay -- in the bay area right now, and you don't need any tech know how. julie waut says they're eel even help pay for your groceries. >> star mc fwshgsowan began working at whole foods when she was just 15, a natural career choice for this now pastry chef since her mom worked here, too. >> after school i would come stay with her until she got off of work. >> before long she began working at the retailer. started in 1980 with just under 20 people in its flag ship store in texas. the company now boasts 73 thousand employees with 400 stores and growing. >> we have 150 positions available. >> store manager jeremiah newman says the company is on a hiring push. i
it raked in more than a billion dollars in profits last year, but according to a tax watch dog group because of a loophole, facebook doesn't owe the irs anything. in fact, it's getting a refund, $429 million. what's going on here? facebook got a billion-dollar tax break because of how executive stock options were priesd, and it's all perfectly legal. >>> looking for a job? well you're in luck. there are hundreds of openings at the bay -- in the bay area right now, and you don't need...
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121
Mar 8, 2013
03/13
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money. >> it was banned under the internet tax-free act but that act will expire next year. last week the postal service proposed selling the downtown berkeley post office building to make up for lost revenue. >>> mystery man. >> this man came forward and he didn't even tell his wife. >> reporter: winning the lottery is like getting struck by lightning, the same kind of odds, and we are here at the shell station in walnut creek and we're about to meet a very rich man. he came tonight to confirm with the shell station that, yes, he holds the winning ticket, a regular customer who bought $5 in super lottery quick-pick tickets. you looked at your ticket and said it looks like i'm the winner? >> yes. i looked at the numbers on my ticket, the same, and, oh, my gosh, this is the one. >> reporter: we watched him put the winning ticket into the machine and his prayers had been answered. >> yeah! i thank god for the justice because i was treated unfair in my work and this is the justice. god does this. >> reporter: the man had just lost his job of 16 years two months ago and was now
money. >> it was banned under the internet tax-free act but that act will expire next year. last week the postal service proposed selling the downtown berkeley post office building to make up for lost revenue. >>> mystery man. >> this man came forward and he didn't even tell his wife. >> reporter: winning the lottery is like getting struck by lightning, the same kind of odds, and we are here at the shell station in walnut creek and we're about to meet a very rich man....
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Jan 11, 2013
01/13
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the governor says it wouldn't have been possible to do this without steep cuts and the new prop 30 taxes that voters approved. the bad news is california still has a mountain of debt after borrowing during the down years. >>> one san jose man is going to save taxpayers more than a half million. he was supposed to spend the next eleven years behind bars. tonight, kiet do says he's a free man, thanks to california voters. >> i was there at 2:30 waiting for him in the morning. >> reporter: he's one of the first ones out, under california's three strikes law. >> it's real. i can actually feel him and it's real, you know. i'm just lovin' it, you know, every moment of it. >> reporter: martin and his son matthew talked to us at his lawyer's office. when his family picked him up at the prison, he didn't cry, but everyone else did. it had been a long 15 years. >> i wasn't a very good person when i got arrested for this case. that's all been washed out of me. >> reporter: back in 1997, he pleaded guilty for using and selling meth and marijuana. a typical sentence is four years. but because he had
the governor says it wouldn't have been possible to do this without steep cuts and the new prop 30 taxes that voters approved. the bad news is california still has a mountain of debt after borrowing during the down years. >>> one san jose man is going to save taxpayers more than a half million. he was supposed to spend the next eleven years behind bars. tonight, kiet do says he's a free man, thanks to california voters. >> i was there at 2:30 waiting for him in the morning....
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Mar 8, 2013
03/13
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. >>> why a politician in the bay area wants to put a tax on e-mail. people with sore throats have something new to say. ahh ! mmm ! ahh ! finally, there's cepacol sensations. serious sore throat medicine seriously great taste. plus the medicine lasts long after the lozenge is gone. ahh ! mmm ! cepacol sensations. save them. woolite everyday cleans your jeans and won't torture your tanks. woolite washed clothes look like new, longer. ♪ ♪ ♪ if loving you is wrong ♪ ♪ i don't wanna be right ♪ [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. bee happy. bee healthy. [ female announcer ] try new honey nut cheerios medley crunch, with clusters of flakes and o's. oh, ho ho... it's the honey sweetness. i...i mean, you...love. úñ? it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. lysol power & free has
. >>> why a politician in the bay area wants to put a tax on e-mail. people with sore throats have something new to say. ahh ! mmm ! ahh ! finally, there's cepacol sensations. serious sore throat medicine seriously great taste. plus the medicine lasts long after the lozenge is gone. ahh ! mmm ! cepacol sensations. save them. woolite everyday cleans your jeans and won't torture your tanks. woolite washed clothes look like new, longer. ♪ ♪ ♪ if loving you is wrong ♪ ♪ i don't...
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Jun 10, 2013
06/13
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pay taxes. pass a criminal background check. learn english. so this is a good bipartisan solution and i look forward to supporting it. >> reporter: that pathway to citizenship will take about 13 years. >> you start to make it too long, folks will just continue to stay in the shadows and not come out and identify themselves. we want there to be a real light at the end of the tunnel. >> reporter: house democrat on kpix 5 this morning talking about the need for skilled immigrants intact. >> there are so many, thousands of jobs unfilled right now that will go overseas unless tech companies can bring immigrants here to our company. >> reporter: there are so many different kinds of immigrants in the bay area from china, india and vietnam, in addition to the many from mexico so the difficulty for california politicians to coming up with a solution that works for all of them. >> we have a difference of issues because we have added layers of complexity. >> reporter: that's the vice chair of san francisco's republican party. >> certain groups are going
pay taxes. pass a criminal background check. learn english. so this is a good bipartisan solution and i look forward to supporting it. >> reporter: that pathway to citizenship will take about 13 years. >> you start to make it too long, folks will just continue to stay in the shadows and not come out and identify themselves. we want there to be a real light at the end of the tunnel. >> reporter: house democrat on kpix 5 this morning talking about the need for skilled immigrants...
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Nov 22, 2013
11/13
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tax dollars are wasted. >> to move forward, the city plans to contract with alameda county to run the west oakland youth center. the contract should be in place by january. >>> the owner of oakland's century buffet has been slapped with more than a dozen labor violations. they're accused of failing to pay minimum wage and workers' compensation fraud. if convicted, he faces up to 15 years in prison. >>> vice president joe biden was going to pick up the tab for lunch today, but ran into a little problem. they went to the grand opening of the sandwich shop. a little more than $56 as you just heard that they were a little bit short. alone from the covered bill. >>> only on 5. we go undercover. south bay cafe's restaurant turned into sex clubs. and this is the video that we can show you. >>> point them out and knock them out. the danger of new games spreading across the country. >>> the exclusive footage of jfk's moments from the youngest photographer in dallas that day. we are back 70 seconds. biggest city: san jose is fast becoming a sex entertainment >>> tonight, we expose a little know
tax dollars are wasted. >> to move forward, the city plans to contract with alameda county to run the west oakland youth center. the contract should be in place by january. >>> the owner of oakland's century buffet has been slapped with more than a dozen labor violations. they're accused of failing to pay minimum wage and workers' compensation fraud. if convicted, he faces up to 15 years in prison. >>> vice president joe biden was going to pick up the tab for lunch...
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Jun 28, 2013
06/13
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married gay partners will not have to pay taxes on benefits extended to their spouse. big changes experts say will mean more money for most same- sex married couples but not all. >> there are certain little pockets of situations where someone could be worse off because of being married but on the whole, it's a win. >> reporter: christin ayers, kpix 5. >> another important perk same- sex married partners should be able to get coverage on their spouse's health insurance plans immediately instead of having to wait for an open enrollment period. >>> brian hackney in for paul tonight. it's heating up out there. >> there's a lot going on so we'll dispense with the happy badinage. temperatures are soaring over the bay area. we pull back from the bridge, the old back-to-back suspension span, and reveal the city as you look down market street, looks pretty night. but it's going to get warm this weekend. 91 in concord, livermore 93. san jose 84. santa rosa 90. if you are going out to take in a game tonight the as are playing the cardinals and at 7:05 p.m. should be clear and war
married gay partners will not have to pay taxes on benefits extended to their spouse. big changes experts say will mean more money for most same- sex married couples but not all. >> there are certain little pockets of situations where someone could be worse off because of being married but on the whole, it's a win. >> reporter: christin ayers, kpix 5. >> another important perk same- sex married partners should be able to get coverage on their spouse's health insurance plans...
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Nov 27, 2013
11/13
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is also simply fying billing and tax credits for small businesses. but insurance broke we believe very few of those businesses will actually qualify for a tax break. >> you have to baseball to meet certain environments. very few businesses can meet that. >> this man couldn't. with just over 25 employees, he is too large. he says s.h .o.p. won't save him money, though he will continue to provide coverage for his workers, just not through the program he hoped would help. >> reporter: now, under the affordable care act, businesses with less than 650 employee -- 50 employees are not required to provide health insurance. you'll find more information on s.h .o.p. on kpix.com/consume r. watch. >> health insurance, never have we covered a subject so thoroughly than this in the last year. >> i tell you, i dream about obamacare i covered this so much. >> julie, thank you. >>> still ahead, the soring spectacle never seen before in the bay area until now. >>> and, warning about potential holiday hazards. ,,,,,,,,,,,,,, are flocking to a quiet bery neighborhood.
is also simply fying billing and tax credits for small businesses. but insurance broke we believe very few of those businesses will actually qualify for a tax break. >> you have to baseball to meet certain environments. very few businesses can meet that. >> this man couldn't. with just over 25 employees, he is too large. he says s.h .o.p. won't save him money, though he will continue to provide coverage for his workers, just not through the program he hoped would help. >>...
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607
Dec 16, 2013
12/13
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. >> tax dollars are being spent for the sake of the businesses on how better to sell their goods and services. >> absolutely. >> reporter: she says a quarter of the records she gets come from businesses. she says the work involved for something like this can cost hundreds of taxpayer dollars. >> just trying to find clients. >> just trying to find clients. >> do these requests often come from the same businesses same attorneys, week in and week out? >> repeaters who have been able to downsize their companies as far as employees because now they use us -- >> it's a good deal for them. >> it's a grit deal for them. >> reporter: but new jersey attorney britt simon who uses public records questions how big a problem this is. >> the abuses are big and far between and being identified by people who don't want the focus or the other work. >> reporter: most of them obtain the work from an online database so they're not creating more work. he adds his solicitations inform people of rights they may not be aware of. >> in many cases they don't know they've got an ability to have an attorney and
. >> tax dollars are being spent for the sake of the businesses on how better to sell their goods and services. >> absolutely. >> reporter: she says a quarter of the records she gets come from businesses. she says the work involved for something like this can cost hundreds of taxpayer dollars. >> just trying to find clients. >> just trying to find clients. >> do these requests often come from the same businesses same attorneys, week in and week out? >>...
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602
Dec 23, 2013
12/13
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how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. in brookside chocolate a world of remarkable tastes comes together. rich, dark chocolate meets sweetened soft centers flavored with exotic fruit juices, like pomegranate goji with raspberry, and acai with blueberry. it's chocolate like you've never experienced it before. and it comes from a place called brookside. discover brookside. mine was earned orbiting the moon in 1971. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa.
how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. in brookside chocolate a world of remarkable tastes comes together. rich, dark chocolate meets sweetened soft centers flavored with exotic fruit juices, like pomegranate goji with raspberry, and acai with blueberry. it's chocolate...
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Oct 15, 2013
10/13
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that doesn't mean off the hook for your taxes. if you got a 6 month extension in april, today is your deadline to file. don't expect a refund right away. >>> 4:12. macey's is doing something they've never done before for the holidays. >>> a train rams a driver not once but twice. come back to see what happens next. ,,,,,,,, utah...where a police offic tries to rescue a driver w's car has been hit by a train... a second train comes along d hit the car again... amazin the driver suffered only a broken arm. we're learning more this morning... about how a san francisco man survived in wilderness for nearly three weeks. a group of hunters found the missing man saturday... dee the mendocino national fore. cbs reporter ben tracy show: he's doing well, despite the conditions he endured. pic in the hospital up the e time/wilderness pic) 72-yead gene penaflor was finally reunited with his family saturday. hours after he was spotted in the wilderness of northern california. (sot: sharon bura/penaflor's niec (cbs hiker material hrem07 "my hus
that doesn't mean off the hook for your taxes. if you got a 6 month extension in april, today is your deadline to file. don't expect a refund right away. >>> 4:12. macey's is doing something they've never done before for the holidays. >>> a train rams a driver not once but twice. come back to see what happens next. ,,,,,,,, utah...where a police offic tries to rescue a driver w's car has been hit by a train... a second train comes along d hit the car again... amazin the driver...
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Jan 15, 2013
01/13
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to save the stations but voted down measure q in november which would have been a $75 a year parcel tax. firefighters at the stations that closed didn't lose their jobs but instead filled vacancies at other stations or were reassigned. in martinez, elissa harrington, cbs 5. >>> fire investigators are looking for what sparked a blaze on a pier in crockett this morning. the fire was first reported shortly before 4 a.m. near the intersection of jackson street and loring avenue. contra costa fire boat battled the flames with help from the u.s. coast guard. there was an added concern about floating debris on fire, as well. >> the concern is floating burning debris that could get under the very large wooden pier that they have on the north side. >> fire investigators are calling the fire suspicious because the same pier burned just a couple years ago and because there's no electricity service there to point towards an electrical problem. >>> a big rig hit and killed a woman in cupertino this morning around 7 a.m. on foothill expressway near stevens creek. police say the truck was heading sout
to save the stations but voted down measure q in november which would have been a $75 a year parcel tax. firefighters at the stations that closed didn't lose their jobs but instead filled vacancies at other stations or were reassigned. in martinez, elissa harrington, cbs 5. >>> fire investigators are looking for what sparked a blaze on a pier in crockett this morning. the fire was first reported shortly before 4 a.m. near the intersection of jackson street and loring avenue. contra...
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Oct 10, 2013
10/13
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. >> how can we tax people for not buying a product from a website that doesn't work? >> reporter: house republicans have been passing a series of bills to open parts of the government. senate democrats want one bill to re-open all of it. susan mcginnis, cbs news, washington. >> some safety advocates say the shutdown is putting lives and property at risk because auto recalls and investigations of safety defects have been put on hold. the national highway traffic safety administration had to furlough employees who investigate safety complaints. >>> the shutdown has sent hundreds of silicon valley workers home until further notice and many are expressing their frustration. >> we need to let them know argue your politics in d.c. but open the government now! >> we want to work! we want to work! >> nasa ames employees showed up at moffett field yesterday to protest the furloughs. more than 1100 workers there were sent home last week. >>> and in livermore, 6500 contract employees at the lawrence livermore lab could be furloughed on october 21. >>> the shutdown has put a halt
. >> how can we tax people for not buying a product from a website that doesn't work? >> reporter: house republicans have been passing a series of bills to open parts of the government. senate democrats want one bill to re-open all of it. susan mcginnis, cbs news, washington. >> some safety advocates say the shutdown is putting lives and property at risk because auto recalls and investigations of safety defects have been put on hold. the national highway traffic safety...
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Jan 2, 2013
01/13
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congress sends a tax deal to president obama. why most americans will still feel a financial hit. >>> it is very cold outside. coming up we'll tell you about the advisories and warnings now in effect. ,, avoid the fiscal cliff. but battle is not over. your real -- >> your realtime captioner: linda marie macdonald >>> the deal is done. the house passes a bill to avoid the "fiscal cliff." but the battle not over yet. >> and around here the temperatures are well below freezing. we have advisories and warnings and a "spare the air" alert in effect. we'll update you next. >> good morning, it's wednesday, january 2, 2013. i'm elizabeth wenger. frank and michelle are off. >>> we went over the "fiscal cliff" but more like a bungee jump than a fall to the bottom. last night the house approved a bill aimed at preventing cuts and tax hikes. cbs reporterra
congress sends a tax deal to president obama. why most americans will still feel a financial hit. >>> it is very cold outside. coming up we'll tell you about the advisories and warnings now in effect. ,, avoid the fiscal cliff. but battle is not over. your real -- >> your realtime captioner: linda marie macdonald >>> the deal is done. the house passes a bill to avoid the "fiscal cliff." but the battle not over yet. >> and around here the temperatures are...
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Mar 5, 2013
03/13
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democrats want tax accounts and spending hikes. republicans say they will not agree on any tax increase. >> i will continue to seek out partners on the other side of the aisle so we can create spending cuts, rev neuros, everybody knows is the right way. >> president has nominated his next choice for the next budget direct torment she -- director. >>> most of the cardinals who will elect a new pope began their discussions today. this was the first meeting before they actually begin election process. they opened their talks with prayer, took an oath of secrecy. no date will be set for the actual election, but there is speculation it will begin by march 11th with the aim of having a new pope by march 17th. >>> a police dispatcher pleas with a nurse to help a dying woman. >> i will instruct them. >> is there anyone who can? >> know the woman is dead. tonight we asked did they do anything wrong and what are the proper procedures. >>> and, now for something completely different. it looks like it's going the get wet in the bay area. we ha
democrats want tax accounts and spending hikes. republicans say they will not agree on any tax increase. >> i will continue to seek out partners on the other side of the aisle so we can create spending cuts, rev neuros, everybody knows is the right way. >> president has nominated his next choice for the next budget direct torment she -- director. >>> most of the cardinals who will elect a new pope began their discussions today. this was the first meeting before they...
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Apr 8, 2013
04/13
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ballots will ask voters to review a parcel tax for grades 9 through 12 and a 194 per parcel tax for grades k through 8. exemptions would be available for homeowners 65 and older. >>> a state takeover of schools ends today. almost nine years after a $60 million bailout. officials say the bailout came about after auditors found the school district faced a deficit of tens of millions of dollars back in 2003. auditors found the school district greatly overestimated the enrollment and revenue and underestimated the cost. that bailout was the second biggest in california history. >>> 8:18. members of last year's giants' team were given some hard- earned hardware during a world series ring ceremony. >> matt cain! >> larry bear handed out championship rings before yesterday's game at at&t park. here they are. they are made of white gold designed by tiffany & company and they represent the organization's seven championships. replicas were handed out to about 40,000 fans. and the as were smashing home runs. oakland finished a three-game series sweep in houston and they did not leave unscathed though
ballots will ask voters to review a parcel tax for grades 9 through 12 and a 194 per parcel tax for grades k through 8. exemptions would be available for homeowners 65 and older. >>> a state takeover of schools ends today. almost nine years after a $60 million bailout. officials say the bailout came about after auditors found the school district faced a deficit of tens of millions of dollars back in 2003. auditors found the school district greatly overestimated the enrollment and...
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Oct 16, 2013
10/13
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by hip-hop ja rule who just finished his own two- year prison sentence in real life for weapons and tax evasion. >> it's good to see that people can change,have second chances. i think that's what america is like, love to see people bounce back from tragedy to triumph. >> it's good to see people from the hometown be successful. your past doesn't determine your future. he changed it for the better. >> reporter: all because of you. [ laughter ] >> no. >> church girl. >> reporter: in san jose, joe vazquez, kpix 5. >> i'm in love with a church girl opens this friday. many plan to show it to congregations. >>> it is 4:51. wall street is eager to snap up twitter. how the blogging company is breaking tradition on its upcoming ipo. >> why apple is betting on a famous name in fashion to polish its image. ,, ,,,,,,,,,,,,,,,, products. it's hiring angela ahrend to take over as the >>> well, apple is turning to a star from the world of fashion to sell more products. it's hiring angela, currently the ceo of the luxury label berberry. she is widely credited with turning around the fortunes of the bra
by hip-hop ja rule who just finished his own two- year prison sentence in real life for weapons and tax evasion. >> it's good to see that people can change,have second chances. i think that's what america is like, love to see people bounce back from tragedy to triumph. >> it's good to see people from the hometown be successful. your past doesn't determine your future. he changed it for the better. >> reporter: all because of you. [ laughter ] >> no. >> church girl....
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Jan 13, 2013
01/13
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it was created before fourth quarter tax returns came in. it makes a lot of assumptions that may or may not pan out. as we know, every year we get a budget and then it is sometimes billions off of mark later when all the numbers come in. >> one thing i wanted to ask you is that it's happy now and as melissa points out we still have these other financial assumptions but have you seen any change fundamentally in how california spends its money? is it still sustainable or are we still overreaching? >> no. totally sustainable. and believe me, there clearly needs to be some additional money spent in k through 12. you really do need to do something about the gap that's being created between the end product of a kid in public school in california and in other states and one time we were in the top 10. we are now in the lower 40s and that's not good. so they are going to have to do something about that and with these resources they can. >> but with these resources comes the governor's idea of taking some of the money, a good portion of the money and
it was created before fourth quarter tax returns came in. it makes a lot of assumptions that may or may not pan out. as we know, every year we get a budget and then it is sometimes billions off of mark later when all the numbers come in. >> one thing i wanted to ask you is that it's happy now and as melissa points out we still have these other financial assumptions but have you seen any change fundamentally in how california spends its money? is it still sustainable or are we still...
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Jan 2, 2013
01/13
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know, we don't have to pay more taxes, the average tax paying citizen. >> reporter: but over in san pablo, the houses aren't as fancy and the concern is cuts to programs for low income people. >> i think it's kind of good that they're taking a little bit more from the wealthy than the poor. that helps out a lot. >> reporter: and while there may be disagreement about how to solve the nation's money problems, the contempt for congress is nearly unanimous. >> they are sitting back drinking their wine while we suffer. >> i think it's congress. i think it's us reelecting people that are going to continue to vote no taxes will vote you know keep these programs. >> there is no way i can run my business how we run this country. >> reporter: jennifer owns the children's store in lafayette. she is not thrilled with the "fiscal cliff" process but doesn't blame the politicians for it. >> a lot of congress' motivation is by the fact that they are going to do something and then they have to turn to their constituents and say this is what i did and, yes, then we would be throwing a fit. >> reporte
know, we don't have to pay more taxes, the average tax paying citizen. >> reporter: but over in san pablo, the houses aren't as fancy and the concern is cuts to programs for low income people. >> i think it's kind of good that they're taking a little bit more from the wealthy than the poor. that helps out a lot. >> reporter: and while there may be disagreement about how to solve the nation's money problems, the contempt for congress is nearly unanimous. >> they are...
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Jan 15, 2013
01/13
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county supervisors there voted unanimously for the closures after voted rejected a property tax hike. >>> a new 7-eleven in san mateo is ordered to shut down. the city council agreed with neighbors that the store shouldn't have been allowed to open. it's on property that is zoned residential. the company is expected to go to court to fight the decision. the 24-hour store on san mateo drive open a couple of weeks ago. >>> lance armstrong has now admitted what many people have long believed, cbs has learned that in an interview with oprah today, armstrong confessed that he used performance-enhancing drugs to win the tour de france. this after years of denials. last year armstrong was stripped of his seven tour titles and critics say his confession is too little too late. >> it's the right decision for him to make, yes, but it's really late and a lot of damage has been done that an apology and a confession on oprah is not going to take back. >> reporter: oprah is expected to talk more about the interview on "cbs this morning" at 8 a.m. on cbs 5. what's your reaction to lance armstrong co
county supervisors there voted unanimously for the closures after voted rejected a property tax hike. >>> a new 7-eleven in san mateo is ordered to shut down. the city council agreed with neighbors that the store shouldn't have been allowed to open. it's on property that is zoned residential. the company is expected to go to court to fight the decision. the 24-hour store on san mateo drive open a couple of weeks ago. >>> lance armstrong has now admitted what many people have...
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Dec 3, 2013
12/13
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man of tax foundation explains not every online retailer is required to collect tax. back in the '70s the supreme court ruled that only businesses with a nexus, or a physical presence in the state, had to collect sales tax. but last year, california lawmakers went one step further. >> california is one of 12 states that passed a law that redefines physical presentations. >> reporter: it was coined the amazon tax and focused on large retailers lik amazon. some courts found the law unconstitutional. but the u.s. supreme court has decided to let a similar stand in new york. here in california the law went into effect last year requiring companies like amazon to collect tax at the time of purchase. >> regardless of whether they charge, you have to pay the tax. if it's not a sales tax at the time of purchase, you're supposed to keep your receipts and pay a use tax at the end of the year. nobody does it. >> reporter: but buyer beware. while henchman says for now the state is only likely to go for you on taxes like big items like cars or art, when it comes not fluctuating ec
man of tax foundation explains not every online retailer is required to collect tax. back in the '70s the supreme court ruled that only businesses with a nexus, or a physical presence in the state, had to collect sales tax. but last year, california lawmakers went one step further. >> california is one of 12 states that passed a law that redefines physical presentations. >> reporter: it was coined the amazon tax and focused on large retailers lik amazon. some courts found the law...
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Jun 17, 2013
06/13
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on the agenda, trade, economic growth and tax policies. mr.barack obama will give a speech to a grouch young people urging them to sustain peace in the region. labor groups and antifracking demonstrators yesterday. not a lot of protesters are expected during the actual summit. >>> fire crews are working overnight so evacuees can return home. the black forest fire is now 65% contained but nearly 500 homes are lost and two people were killed in the fire. cbs reporter reports on all of the work that needs to be done before thousands of people can permanently return home. >> reporter: firefighters spent sunday snuffing out the remains of the most deinstructive wildfire in colorado history. consumed 22 square miles over the last six days. this detachment from the colorado national guard showed us where the threat still exists. smoldering embers under ground. >> the spots we are looking for are the areas with white ash in there. it is still burnt down there, charred. >> reporter: an area like this where the fire is out it is not really out? you
on the agenda, trade, economic growth and tax policies. mr.barack obama will give a speech to a grouch young people urging them to sustain peace in the region. labor groups and antifracking demonstrators yesterday. not a lot of protesters are expected during the actual summit. >>> fire crews are working overnight so evacuees can return home. the black forest fire is now 65% contained but nearly 500 homes are lost and two people were killed in the fire. cbs reporter reports on all of...
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Jun 6, 2013
06/13
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no surprise here, she is taking the cash payout $270 million after taxes. >>> well, it's a car that is held in high esteem but tonight a problem with the prius. what has promised toyota to issue a recall. >> his family calls it the biggest gift ever. the double transplant for a bay area 2-year-old. ,,,, ♪ roundup ♪ i'm a loving husband and a real good dad ♪ ♪ but weeds just make me rattlesnake mad ♪ ♪ now roundup has a new sharp-shootin' wand ♪ ♪ i'm sendin' them weeds to the great beyond ♪ ♪ roundup yeha! [ whip cracks ] ♪ ♪ no need to pump, just point and shoot ♪ ♪ hit 'em in the leaves, and it kills to the root ♪ ♪ 'round fences, trees, even mulched beds ♪ ♪ 'cause the only good weed is a weed that's dead ♪ ♪ roundup yeha! [ whip cracks ] [ male announcer ] roundup... [ whip cracks ] with the new one-touch wand. double transplant surgery tt lasted 12 hours. kpix 5's cate cauguiran spoke wi his fami >>> a 2-year-old boy from antioch met his match. today he is recovering from double transplant surgery that lasted 12 hours. kpix 5's cate caugiran
no surprise here, she is taking the cash payout $270 million after taxes. >>> well, it's a car that is held in high esteem but tonight a problem with the prius. what has promised toyota to issue a recall. >> his family calls it the biggest gift ever. the double transplant for a bay area 2-year-old. ,,,, ♪ roundup ♪ i'm a loving husband and a real good dad ♪ ♪ but weeds just make me rattlesnake mad ♪ ♪ now roundup has a new sharp-shootin' wand ♪ ♪ i'm sendin' them...
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Jun 13, 2013
06/13
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. >>> we are learning about an unusual fight over property taxes. in a twist, a bay area assessor is under fire for keeping rates too low. kpix 5's ann notarangelo on who is complaining. >> reporter: about the only good thing about declining property values during the recession was people paid less property taxes. but that's starting to change. >> as a whole, property values in contra costa county, this year, are going to go up about 7% maybe a little more for those people who have their property taxes reduced over the past few years. >> reporter: the west contra costa county school district wants a piece of that. they accuse the county assessor gust kramer of keeping property values artificially low which means the schools get less tax money. it's costing this district billions each year? >> he cannot give you any evidence or statistical analysis or data of why he is retaining property values at this level. it's guesswork. >> reporter: the district argues the law also says reductions in property values should be temporary. >> not supposed to go dow
. >>> we are learning about an unusual fight over property taxes. in a twist, a bay area assessor is under fire for keeping rates too low. kpix 5's ann notarangelo on who is complaining. >> reporter: about the only good thing about declining property values during the recession was people paid less property taxes. but that's starting to change. >> as a whole, property values in contra costa county, this year, are going to go up about 7% maybe a little more for those people...
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Jan 8, 2013
01/13
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with them goes the ability for the republicans to block the idea of new taxes. >> i don't think there's a tax or fee that won't be put up, talked about or discussed. >> an ironic twist, republicans are actually looking to governor jerry brown to put the brakes on some of these measures. it will be an interesting dynamic in san francisco in the coming year. we're going to have super majority by democrats that don't necessarily agree on everything and republicans that may side with the governor in order to take his stand. >> job security for journalists too. >> no shortage in this state. >> thank you. you can weigh in on whether the ammunition restrictions will be effective. we've set up a poll on our website. click the headline under news. >>> the man of accused of killing seven people in oakland last we're has been found mentally incompetent. he was back in court this afternoon for more testimony on his mental condition. one of two psychiatrist found him suffering from paranoid schizophrenia and unable to understand the court proceedings. >>> a teen boy is oakland's first homicide victi
with them goes the ability for the republicans to block the idea of new taxes. >> i don't think there's a tax or fee that won't be put up, talked about or discussed. >> an ironic twist, republicans are actually looking to governor jerry brown to put the brakes on some of these measures. it will be an interesting dynamic in san francisco in the coming year. we're going to have super majority by democrats that don't necessarily agree on everything and republicans that may side with...
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Oct 2, 2013
10/13
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that means taxpayers would still have to pay their taxes and file tax returns. but if you're expecting a refund, expect a delay. all irs customer service offices and telephone hotlines are closed. but there is one bright spot, the irs has suspended all audits. >>> are you tired of bag fees. first grocery bags now san franciscoians will be paying for doggy bags as well. grocery stores and retailers charge a 10 cent bag fee if you don't bring your own. as of today, san francisco has expanded the retirement to include restaurants. if you don't have your own be prepared to pay an extra fee for take home or takeout. similar fees will be coming to a city near you. >>> jet blue is launching a new premium class of service next summer. don't call it first class though. jet blue's version will be called mint. it will feature live flat seats, a menu and toiletries. the airline says it is to lure back travelers would want a more upscale experience. it will only be between new york and l.a. and the extra comfort will cost extra. seats will start around $500. if you have a st
that means taxpayers would still have to pay their taxes and file tax returns. but if you're expecting a refund, expect a delay. all irs customer service offices and telephone hotlines are closed. but there is one bright spot, the irs has suspended all audits. >>> are you tired of bag fees. first grocery bags now san franciscoians will be paying for doggy bags as well. grocery stores and retailers charge a 10 cent bag fee if you don't bring your own. as of today, san francisco has...
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Dec 18, 2013
12/13
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so they say get a tax lawyer. isn't it irrelevant how much you have to pay the government when there's still hundreds of millions involved? >> i have never had a clientele me it was irrelevant how much they had to pay the government. [ laughter ] >> reporter: the tax law firm of youngman & ericksson agrees that the most difficult but important task is surrounding yourself with a team of trusted advisors. but how would a regular guy avoid all the sharks out there? >> your safest bet go to a large firm that you can sue if they take your money. >> reporter: does it change things when it gets to this kinds of money. >> i think it switches from financial well-being need to a deeper sense of meaning. >> reporter: justin dodson is a financial advisor who says, once people's personal financial needs are met, they have to set new goals to use the money in a meaningful way. >> you know money is just one piece of their lives and if it becomes the center .that they can't focus on any other thing they may not be fulfilled in t
so they say get a tax lawyer. isn't it irrelevant how much you have to pay the government when there's still hundreds of millions involved? >> i have never had a clientele me it was irrelevant how much they had to pay the government. [ laughter ] >> reporter: the tax law firm of youngman & ericksson agrees that the most difficult but important task is surrounding yourself with a team of trusted advisors. but how would a regular guy avoid all the sharks out there? >> your...
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Mar 2, 2013
03/13
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>>reporter: the impasse is over taxes. the president wants to close loopholes, but republicans say they already compromised on taxes when rates went up in january. those differences could spill over into the next budget battle. government funding runs out at the end of the month. >> i did lay out that the house is going to move a continuing resolution next week to fund the government past march 27th. >>reporter: the speaker and the president do agree on one thing, neither wants to deal with a government shutdown on top of spending cuts. at the white house, tara mergener, kpix5. >> and the san francisco mayor ed lee released a statement saying the impact to the city's services, schools and public housing will be in excess of $25 million. >>> santa clara county will be looking for a new supervisor, that is after george shirracowa stepped down admitting he gambled away public money. he surrendered at the sheriff's office yesterday and he was booked on 12 felony and misdemeanor charges. the d.a. says he used campaign and publi
>>reporter: the impasse is over taxes. the president wants to close loopholes, but republicans say they already compromised on taxes when rates went up in january. those differences could spill over into the next budget battle. government funding runs out at the end of the month. >> i did lay out that the house is going to move a continuing resolution next week to fund the government past march 27th. >>reporter: the speaker and the president do agree on one thing, neither...
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Jan 11, 2013
01/13
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their beef: they say these types of raffles and lotteries are a tax on the poor and create false expectations. >>> a cayman discovered protecting a stash of marijuana in a home has died. the reptile mr. teeth was taken from the home and transported to the oakland zoo. officials there determined he was critically ill and nonresponsive. the homeowner said he bought mr. teeth back in 1996 to commemorate the death of rapper tupac shakur. >>> roberta gonzales with us and our weather has some teeth. the cold? brrr. >> biting! >> both of you! right on your game today. [ laughter ] >> i was talking to someone on the phone today and saying this is my favorite weather element, the passage of a cold front, that bitterly cold air mass with clean, clean air? just keep bobbing your head up and down. those big beautiful puffy clouds, let's go ahead and take a look at what our high temperatures were around the bay area today. not that far off the mark for this time of the year. average high in san jose 59. so okay, we were five degrees below average. 52 in san rafael when we should be around 56 degrees. low
their beef: they say these types of raffles and lotteries are a tax on the poor and create false expectations. >>> a cayman discovered protecting a stash of marijuana in a home has died. the reptile mr. teeth was taken from the home and transported to the oakland zoo. officials there determined he was critically ill and nonresponsive. the homeowner said he bought mr. teeth back in 1996 to commemorate the death of rapper tupac shakur. >>> roberta gonzales with us and our...
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Jul 5, 2013
07/13
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two weeks of letters and phone calls to citibank with no check and no account credit for her $8,000 tax refund, mary beth contacted kpix 5 consumerwatch. a volunteer contacted citibank. >> we got a provisional correction, almost immediately. >> reporter: citibank put the $8,000 back into mary beth's account, a move the banking giant says was already in the works when consumerwatch contacted them. either way, mary beth is relieved to have her $8,000 back and she says from now on, she will be a lot more careful with her atm deposits. >> i don't think i would have gotten as quick of a fix as i got because kpix 5 stepped in. >> reporter: in a statement to consumerwatch, citibank says, customer service is a top priority. and regrets the mistake that was ultimately resolved. now, if you have a consumer problem, contact our hotline at 888-5-helps-u. on the consumerwatch, sue kwon, kpix 5. >>> the america's cup summer of race something here. a parade of boats set sail from pier 29 in san francisco. ♪[ music ] >> yesterday's opening ceremony featured performances and exhibitions from each of t
two weeks of letters and phone calls to citibank with no check and no account credit for her $8,000 tax refund, mary beth contacted kpix 5 consumerwatch. a volunteer contacted citibank. >> we got a provisional correction, almost immediately. >> reporter: citibank put the $8,000 back into mary beth's account, a move the banking giant says was already in the works when consumerwatch contacted them. either way, mary beth is relieved to have her $8,000 back and she says from now on, she...
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Jun 8, 2013
06/13
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the city is asking for a fine of nearly $4 million without any tax breaks to the company. the commission proposed a fine of more than $2 billion last month, but that comes with huge credits and significant tax benefits. >>> in this week's address president obama made a pitch for immigration overhaul this morning, hinting that lawmakers in the senate will soon take action to fix a broken system. >> this bill would continue to strengthen security at our borders, increase criminal penalties against smugglers and traffickers and hold employers more accountable if they knowingly hire undocumented workers. >> the republicans want democrats to stop stalling on bills to it prevent the student loan rate hike next month. interest rates on many federal student loans are set to double from 3.4% to 6.8%. >> our young people deserve better. student loan relief is just one example of the solutions republicans have put forward to get our economy back on track. >> two competing bills failed in the senate this week. democrats want to extend the current rates for two years. republicans want
the city is asking for a fine of nearly $4 million without any tax breaks to the company. the commission proposed a fine of more than $2 billion last month, but that comes with huge credits and significant tax benefits. >>> in this week's address president obama made a pitch for immigration overhaul this morning, hinting that lawmakers in the senate will soon take action to fix a broken system. >> this bill would continue to strengthen security at our borders, increase criminal...
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Oct 30, 2013
10/13
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in fact, many water districts say their systems aren't as taxed because more people are conserving, which is good. bottom line is. >> we have enough water to use, but we don't have enough to waste. >> the rainy season in the bay area is november first through march so it will be spring before we know whether or not there is any mandatory conservation in our future. in antioch, ann notarangelo kpix 5. >> this is the first october in 33 years that weather stations in downtown san francisco, livermore, and san jose are all showing zero rainfall. >> no rain in our future, but plenty of cool temperatures. >> reporter: it feels like fall maybe not forker reason on the list. we have snow in the sierra. we have cold weather. no rainfall but it will be the chilliest night since easter tonight. cloud cover during the day. as we look live outside, the clouds are gone and the blanket is gone, so all the heat we gained will be lost back in the atmosphere. what a spectacular sunset. 56 in san francisco. oakland, you are the warm spot at 61. concord upper 50s. livermore 60s. santa rosa 61. chillydegrees
in fact, many water districts say their systems aren't as taxed because more people are conserving, which is good. bottom line is. >> we have enough water to use, but we don't have enough to waste. >> the rainy season in the bay area is november first through march so it will be spring before we know whether or not there is any mandatory conservation in our future. in antioch, ann notarangelo kpix 5. >> this is the first october in 33 years that weather stations in downtown...
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Mar 1, 2013
03/13
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beginning july 1, the state excise tax will go up. experts say california gas prices may have peaked during the first half of the year and should start going down soon. >>> history unfolded in europe as the pope said farewell to the faithful. with that, pope benedict xvi became the first pope in six centuries to retire. he left in a helicopter. he'll return to a life of quite prayer. the now pope emeritus will earn a pension of 2500 euros a month. the vatican will also pay for his housing, food, health care and security. >>> last night we told you that two church leaders are under investigation for running an alleged unlawful real estate scheme. tonight, in a story you'll see only on kpix 5, former church members tell linda yee they were so controlled by the church, they gave up their money willingly. >> reporter: don jackson has got his own congregation now. >> i let people be who they are. >> reporter: very different, he says, from a church he used to belong to called general assembly church. it was led by pastor lacy hawkins, who,
beginning july 1, the state excise tax will go up. experts say california gas prices may have peaked during the first half of the year and should start going down soon. >>> history unfolded in europe as the pope said farewell to the faithful. with that, pope benedict xvi became the first pope in six centuries to retire. he left in a helicopter. he'll return to a life of quite prayer. the now pope emeritus will earn a pension of 2500 euros a month. the vatican will also pay for his...
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Apr 22, 2013
04/13
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why drivers in california who go green are on track to receive tax incentives. ,, [ female announcer ] this is a special message from at&t. [ male announcer ] 's no secret that the price of things ju keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on for two whole years. from at&t. call now for a new low price. u-verse triple play bundles start at $79 a month. get the same great price for two years. [ female announcer ] plus now get two times the internet speed than before. [ male announcer ] you get reliable high-speed internet on our advanced digital network. choose from several high-speed options. [ female announcer ] and with u-verse tv, you can record four shows at once on your total home dvr and play them back in any room. [ male announcer ] so call now. u-verse triple play bundles start at $79 a month. now get the same great price for two years. [ female announcer ] switch today and get a $150 promotion card, plus a total home dvr included for life. [ male announcer ] it's a tri
why drivers in california who go green are on track to receive tax incentives. ,, [ female announcer ] this is a special message from at&t. [ male announcer ] 's no secret that the price of things ju keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on for two whole years. from at&t. call now for a new low price. u-verse triple play bundles start at $79 a month. get the same great price for...
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Oct 23, 2013
10/13
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. >> and why there's a chance your tax refund will be delayed. >> our competition is different. you're confused. >> apple's going on the defensive. you can decide which tablet's best for you. ,,,,,, when it's time to talk business security, talk to the leader. tyco integrated security. we'll create a solution customized just for you. and you can manage it all right from the palm of your hand. mess right now. still a lot of cars on bay . >>> now at 6:30, the bart strike may be over, but the evening commute is still a mess right now. still a lot of cars on bay area roadways as people try to get home tonight. >> all right. let take another look at what traffic is look from chopper 5. this is just a short time ago. this is what it looked like for some drivers in san francisco back up heading towards the bay bridge practically at a standstill. can you see folks heading out of town. they're moving. nobody's set anything limits. and folks coming into town having a little bit better. >> and it was smooth sailing for driving in the eastern span of the bay bridge. cars were travelling at
. >> and why there's a chance your tax refund will be delayed. >> our competition is different. you're confused. >> apple's going on the defensive. you can decide which tablet's best for you. ,,,,,, when it's time to talk business security, talk to the leader. tyco integrated security. we'll create a solution customized just for you. and you can manage it all right from the palm of your hand. mess right now. still a lot of cars on bay . >>> now at 6:30, the bart...
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May 12, 2013
05/13
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raised through a voter approved tax. and the proposals vary for money for school marching bands to improvements to mayor island park. for new armored vehicles to emergency responders to fitness equipment at the waterfront. many are voting for street repair. >> the potholes. >> reporter: for others it's park improvements. >> my children going into restrooms right now. >> reporter: vallejo is the first city in the country to do this at a cost of $200,000. they have been narrowing down the choices for months all leading up to this week of voting. >> we're coming out of bankruptcy. we're trying to reinvent our image. >> reporter: the decisions being made today are only advisory to the city council. the council has to make the final decision and they have tough choices on their hands. they have now a projected $5.5 million budget deficit for the next year. >> i think we're expecting that the council will honor the will of the voters. >> reporter: no, it's not going to be binding. but it's like a yes with a maybe. enter we liv
raised through a voter approved tax. and the proposals vary for money for school marching bands to improvements to mayor island park. for new armored vehicles to emergency responders to fitness equipment at the waterfront. many are voting for street repair. >> the potholes. >> reporter: for others it's park improvements. >> my children going into restrooms right now. >> reporter: vallejo is the first city in the country to do this at a cost of $200,000. they have been...
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Aug 4, 2013
08/13
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they don't want to tax themselves for additional transportation. so we're kind of stuck in the space we're in. >> is there -- when you say there's no consensus, considering all the various agencies that oversee this, is that a plus or a minus? i mean, because otherwise we get competing interests. one group wants roads, one group wants transit, one group wants bike lines. >> there has been this difficult equation, which is, do we want to expand the transportation system and what comes with that? often growth, urbanization, often sprawl, so it's been a very hard argument. we've kind of tried to find a balance between having a good public transportation system and expanding our highway system. but we've always been playing catch-up and we've been doing it for decades. >> given your history -- and i know you have some insights into what's going on behind the scenes -- do we have a strike tonight? even if they don't have an agreement, do you think they hold off for a while? >> i think that's the best option, to -- i hate to say this -- kick the can down
they don't want to tax themselves for additional transportation. so we're kind of stuck in the space we're in. >> is there -- when you say there's no consensus, considering all the various agencies that oversee this, is that a plus or a minus? i mean, because otherwise we get competing interests. one group wants roads, one group wants transit, one group wants bike lines. >> there has been this difficult equation, which is, do we want to expand the transportation system and what...
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Jun 8, 2013
06/13
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. >> choosing the lesser of two evils, why voters in a bay area city agreeded to raise their own taxes. >> thanks for watching the "cbs evening news with scott pelley" is next. the latest news and weather are always on our website, kpix.com. captions by: caption colorado comments@captioncolorado.com >> pelley: ton >> pelley: tonight, the secret's out. top-secret documents reveal the scope and purpose of u.s. surveillance of phone and internet traffic. the president tries to calm e's ph >> nobody's listening to the content of people's phone calls. es, and john milleartin, nancy cordes, and john miller explain ahat the programs do and why. breaking news-- a deadly shooting rampage in santa monica. we'll have the latest details from the scene. dz by rains bring flooding up the east coast. elaine quijano reports. and driving across america a stroke at a time. steve hartman is "on the road." >> reporter: it's a big country and you realize why nobody's done this. captioning sponsored by cbs this is the "cbs evening news" with scott pelley.
. >> choosing the lesser of two evils, why voters in a bay area city agreeded to raise their own taxes. >> thanks for watching the "cbs evening news with scott pelley" is next. the latest news and weather are always on our website, kpix.com. captions by: caption colorado comments@captioncolorado.com >> pelley: ton >> pelley: tonight, the secret's out. top-secret documents reveal the scope and purpose of u.s. surveillance of phone and internet traffic. the...
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Feb 19, 2013
02/13
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bill doesn't continue even though it is from tax payers. >> i think veterans and active duty service members are shocked by the types of recruiting metheds that they are seeing. >> and schools are popping up where you would least expect them. this university head quartered in san jose has a graduation rate of just over 50%. now, a senate report two years ago called for stringentover sight. but so far no government action has been taken. the academy of art lost its eligibility to receive state grant money when its graduation rate fell below of%. still, it can get g.i . bill money. >> historically over the eight year period we average a 34% graduation rate according to the california aid commission, 30% is what they expect. >> still, advocates usual veterans to seek out cheaper more accessible options like a community college. >> we try to steer them toward wherever their goal is >> the transfer rates to four- year colleges are among the highest in the nation. classes go for just $31 a unit. >> it is an affordable option for them. they have a wonderful education fall experience hear. >
bill doesn't continue even though it is from tax payers. >> i think veterans and active duty service members are shocked by the types of recruiting metheds that they are seeing. >> and schools are popping up where you would least expect them. this university head quartered in san jose has a graduation rate of just over 50%. now, a senate report two years ago called for stringentover sight. but so far no government action has been taken. the academy of art lost its eligibility to...
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Nov 2, 2013
11/13
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it's cheaper for a group to travel by bus than to take 15 smaller taxes. the same with cruising. the reason they build these gigantic ships is they're far more profitable. >> we saw two cruise ships that got a lot of attention for their onboard fires. do we have regulations now to avoid the fires? >> sure. what's interesting about the "triumph" is today everyone's got a samsung phone or whatever to take pictures to post all over social media. it's helped to illuminate conditions. since 120u all new cruise ships are required to have redundant power systems so if one gets knocked out, you can still safely limp back to port. >> i'm look. dwlou evacuate a ship of that side. how do you get people off? >> it's crazy. you think about compared to a two-story building, a skyscraper takes longer to evacuate right? but we still build skyscrapers. 18,000 passengers is much harder than a thousand. and so have you seen the evacuation chutes? >> not on the ship no. >> it's designed only for the crew. it's a giant orange esophagus. it's five stories off the water. you're supposed to slide down t
it's cheaper for a group to travel by bus than to take 15 smaller taxes. the same with cruising. the reason they build these gigantic ships is they're far more profitable. >> we saw two cruise ships that got a lot of attention for their onboard fires. do we have regulations now to avoid the fires? >> sure. what's interesting about the "triumph" is today everyone's got a samsung phone or whatever to take pictures to post all over social media. it's helped to illuminate...
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May 26, 2013
05/13
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there is a tax on tobacco, there is a tax on sugary drinks, there is a tax on oil extraction. they will all be made in two year bills. we will take them up in january but we will not be talking about taxes this season when we balance this budget with a little bit of money. talking about whether we will reinvest. >> nobody will be screaming at the governor about this? >> there will be a little bit of screaming but not much. >> thank you for coming in. good memorial day weekend. >> thank you. >>> we'll be right back. ,,,,,,,,,,,,,, end? that's as >>> taking a a live look at the east span of the bay bridge and the big question will it open on schedule for the labor day weekend? that is as cal tran deals with faulty bolts and corrosion. governor brown is acknowledging questions about whether safety concerns may end up delaying that opening. >> i take it very seriously. and that thing is not going to open unless it's ready. and engineers are telling me they are doing the work we need for that. >> brown's tests are still being conducted on those bolts. we have been told a final deci
there is a tax on tobacco, there is a tax on sugary drinks, there is a tax on oil extraction. they will all be made in two year bills. we will take them up in january but we will not be talking about taxes this season when we balance this budget with a little bit of money. talking about whether we will reinvest. >> nobody will be screaming at the governor about this? >> there will be a little bit of screaming but not much. >> thank you for coming in. good memorial day weekend....
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Feb 8, 2013
02/13
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. >> reed said he is considering a 2014 ballot measure calling for a quarter to half cent sales tax increase. that's a reversal from last year when he blocked such a measure from the november ballot. he will be a speaker at the state of the valley conference hosted by joint venture silicon valley. >>> san francisco may have just hit a real estate record. a house here just went for nearly $10 million. the 5500-square-foot home is in the liberty heights neighborhood. the area has become increasingly trendy especially with the hipsters and the young tech crowd. >> we have even the whole area change dramatically. the dot-com went to dot-bomb and that went to a downturn. >> whoever bought the house must have really wanted it. that broker couldn't find another house in the area going for more than $3 million. >>> if you filled up lately, you probably notice that gas is getting more expensive again. but this really gave us sticker shock. take a look. you are reading that right. chico's gas station in south san francisco is charging $5.03 for a gallon of regular. gas prices are up almost 40 cents in
. >> reed said he is considering a 2014 ballot measure calling for a quarter to half cent sales tax increase. that's a reversal from last year when he blocked such a measure from the november ballot. he will be a speaker at the state of the valley conference hosted by joint venture silicon valley. >>> san francisco may have just hit a real estate record. a house here just went for nearly $10 million. the 5500-square-foot home is in the liberty heights neighborhood. the area has...
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Jun 20, 2013
06/13
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tax system. here with some money tips for young people and their parents is jill schlesinger, cbs news senior business analyst. good morning. >> good morning. >> all right. so when should parents have the tax talk? >> well, first of all, aren't you relieved you can have a tax talk and not the other talk? so pay attention. the best time is when kids are completing their w-4 forms i recommend parents work through the forms with the kids. you want to make sure the appropriate taxes are withheld. it's a good time to discuss the difference between gross pay and net pay. that way the kids aren't shocked when they get their first paycheck. just want to explain what the major withholding categories are for federal taxes, state and local, payroll or fica, so they just don't get like kind of slammed when they get that first pay stub. >> asking the question, who is fica? [ laughter ] >> what's that? >> wasn't that in a movie? [ laughter ] >> who pays the taxes? the kids or the parents? you know, is there an
tax system. here with some money tips for young people and their parents is jill schlesinger, cbs news senior business analyst. good morning. >> good morning. >> all right. so when should parents have the tax talk? >> well, first of all, aren't you relieved you can have a tax talk and not the other talk? so pay attention. the best time is when kids are completing their w-4 forms i recommend parents work through the forms with the kids. you want to make sure the appropriate...
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Jan 1, 2013
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middle income tax pairs will not see their taxes go up, income taxes go up and a lot of the cuts that are in the sequestration are simply put off for two months. so we are going to have another showdown here in february and march. >> can you give us an idea what kind of feedback you got from constituents in northern california? and give us a little idea what the weekend was like in the chapel ber, how many hours. it must have been crazy in the chamber. >> well, the constituents in northern california want us to work together and get things done. and what happened in the last couple of days in the house was almost nothing. the action was over in the senate between the senate and the white house. vice president biden and mcconnell ultimately worked out a deal. and the house is in a situation now where it's take it or leave it. we're going to be taking it. basically, we have been marking time for the last three or four days in the house as i think most people know, there was a total breakdown in the house of representatives before christmas. speaker boehner proposed his plan b. that did
middle income tax pairs will not see their taxes go up, income taxes go up and a lot of the cuts that are in the sequestration are simply put off for two months. so we are going to have another showdown here in february and march. >> can you give us an idea what kind of feedback you got from constituents in northern california? and give us a little idea what the weekend was like in the chapel ber, how many hours. it must have been crazy in the chamber. >> well, the constituents in...
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Aug 8, 2013
08/13
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the lump sum, that's $245 million before taxes. ticket sales stop at 7:00. the drawing is at 8:00. your chance of winning, 1 in 175 million. so good luck on that. >>> the moto x is coming and i'll tell you about the features that could bruise apple and steal away iphone users coming up. >> and tesla stock hits warp speed even though the bay area carmaker said it is still losing money. ,, goodnight. thanks, olivia. thank you. so you can make a payment from your cell to almost anyone's phone or email. (speaking french) so you can express your gratitude... in the moment. chase quickpay. so you can. reports show the company's revenue is soaring beyond expectations. the palo alto >>> shares of electric car company tesla hit the throttle after reports show the company's revenue is soaring beyond expectations. the palo alto company, however, is still losing money. but not as much a year ago. tesla was on track to sell 5,000 cars next quarter and sold hundreds more than expected so the stock jumped 13% today. year-to-date it's up more than 300%. >>> it's been five years since the first ele
the lump sum, that's $245 million before taxes. ticket sales stop at 7:00. the drawing is at 8:00. your chance of winning, 1 in 175 million. so good luck on that. >>> the moto x is coming and i'll tell you about the features that could bruise apple and steal away iphone users coming up. >> and tesla stock hits warp speed even though the bay area carmaker said it is still losing money. ,, goodnight. thanks, olivia. thank you. so you can make a payment from your cell to almost...
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Oct 10, 2013
10/13
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he explains in order to send a mortgage to title they must have irs tax transcripts and social security number verification. >> i just found out this morning that they are not getting any of those back while this shutdown is going on. >> reporter: translation: no federal documents means no new closings for now and backlogs once the government reopens could mean future closings are delayed by weeks. that could leave sellers stuck making extra house payments and buyers who have already sold their homes with nowhere to live. >> we're all in the same boat. >> reporter: he says they are working with buyers to ease the document delay prepping sellers for longer closings, locking in longer-term interest rates and negotiating lender credit but if the shutdown drags on, they concede buyers could pay more cash. he predicts there could be an upside. based on 20/20 hindsight having been a broker during the last goverment shutdown, he thinks once the government reopens they could see a mini boom as buyers and sellers get back into the market. >> a little bump. so, you know, just my guess but it coul
he explains in order to send a mortgage to title they must have irs tax transcripts and social security number verification. >> i just found out this morning that they are not getting any of those back while this shutdown is going on. >> reporter: translation: no federal documents means no new closings for now and backlogs once the government reopens could mean future closings are delayed by weeks. that could leave sellers stuck making extra house payments and buyers who have...
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Jan 2, 2013
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know, we don't have to pay more taxes, the average tax paying citizen. >> reporter: but over in san pablo, the houses aren't as fancy and the concern is cuts to programs for low income people. >> i think it's kind of good that they're taking a little bit more from the wealthy than the poor. that helps out a lot. >> reporter: and while there may be disagreement about how to solve the nation's money problems, the contempt for congress is nearly unanimous. >> they are sitting back drinking their wine while we suffer. >> i think it's congress. i think it's us reelecting people that are going to continue to vote no taxes will vote you know keep these programs. >> there is no way i can run my business how we run this country. >> reporter: jennifer owns the children's store in lafayette. she is not thrilled with the "fiscal cliff" process but doesn't blame the politicians for it. >> a lot of congress' motivation is by the fact that they are going to do something and then they have to turn to their constituents and say this is what i did and, yes, then we would be throwing a fit. >> reporte
know, we don't have to pay more taxes, the average tax paying citizen. >> reporter: but over in san pablo, the houses aren't as fancy and the concern is cuts to programs for low income people. >> i think it's kind of good that they're taking a little bit more from the wealthy than the poor. that helps out a lot. >> reporter: and while there may be disagreement about how to solve the nation's money problems, the contempt for congress is nearly unanimous. >> they are...